Lahore, 15th January: The summary of hike in fuel price has been presented to the Prime Minister Imran Khan.
Baaghi TV: The summary of the Oil and Gas Regulatory Authority (OGRA) seeking fuel price hike has been presented to the Prime Minister.
As per sources, OGRA has recommended an increase in the price of petrol up to Rs 13 per litre and Rs 11 on the diesel. The regulatory body has recommended a hike of Rs 10 per litre in the price of kerosene.
Sources have revealed that the premier is consulting his economic team about the summary. Sources with the PM House said that the final decision would be taken in a while.
It was further learned that increase up to Rs 6 to 7 is expected in the prices of petroleum products.
Earlier on Thursday, OGRA had refuted reports of sending a summary to the petroleum division recommending a huge increase in fuel prices from January 16.
Spokesperson of the OGRA, “Reports circulating on media regarding hike in prices of petroleum products are based on speculation.”
Last month, Prime Minister Imran Khan had rejected the summary by OGRA which proposed to increase prices of petroleum products by up to Rs 10 per litre.
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